Wednesday, October 28, 2009

FINDING SUPPORTS.

Markets are moving in tandem with the global markets ,unwinding the excesses in the system.If ppl. visiting my blog remember I was warning from start of the month that sell on rise as this is looking stretched quite a bit..Hope the friends who booked at top can find real value again after the last 2 days of panic..( The speedline chart posted few days back also clearly gave the supports to play..)All sectors have corrected well and value pickers seemed to have nibbled in ...Monthly supports are 4750..lets see if that holds and markets consolidate for a while...to see the bounce back..enjoy the day cheers.

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